Poloniex bought by Circle - Goldman Sachs

[bitcoinbox]

Circle, a firm backed by Goldman Sachs said it acquired Poloniex.
Link to Bloomberg: https://www.bloomberg.com/news/articles/2018-02-26/goldman-backed-circle-buys-digital-exchange-poloniex

What is your opinion about that?
Is it going to make Poloniex a better exchange in term of customer service?

[no0dlepunk]

I have received an email from Poloniex early this morning saying the same. I honestly don't care what could it bring as long as it remain as a hackerproof exchange and they keep me as one of their legacy members. I would like to know if is anybody here had encountered errs already with their gunbots in poloniex after the transition.

Man, it feels good to be back! I got jailed for a couple of months!

[Acguy]

Hopefully poloniex will be better now, i've stopped using them for a long time now since their user base, volume and liquidity has dropped.

[OriginTrain]

Are you guys serious? This isn't a good thing. "Great! Established financial institutions getting into crypto with futures contracts will give it legitimacy and make it moon even more!!" - The bubble bursts, we lose 60%+ portfolio value.

Yep, time to jump up with joy that these same people now acquired an exchange. For sure they have crypto's best interests at heart.

[Augor1]

I wonder if they will respond to support tickets now.

[minbosen]

First, I think this is a good news, Goldman Sachs is a very powerful company that can make the Poloniex to be a better exchange.
Second, I hope the service of Poloniex should be improved since I think that is why the trading volume of poloniex is dropping recently.

[bitcoinbox]

I might be wrong but I think it is a good thing:

1. There will never be an exit scam
2. The site will be even more secured (GS play its reputation)

[sazon84]

If  believe the promises in the e-mail, then everything should become much better at the Poloniex exchange.  I trade on this exchange, it is very convenient.  Of course, the number of coins on this exchange has decreased.  But it is possible that a new partnership will lead to a solution to this problem.

[Tarantula9]

I see this as a very positive thing.  Primarily because one of the goals of the acquisition is to create real competition for Coinbase.  There's no reason that everyone in the US goes primarily to Coinbase to get into the market.  I know there are other companies out there, but who is actually using them?  It's completely absurd and a monopoly that's going to backfire on all of us if Coinbase can't payout one day.  

The second reason why this is a positive thing is because the more skin in the game the banks have, the more likely crypto will stick.  Widespread adoption of crypto puts us all in a position to become very wealthy.

[stevanGR]

i used to poloniex one year ago. after there were many negative issues, i didn't use it again.
i hope after be acquired by circle, it will be great again, bcse i like poloniex

[timikulit]

This is a good news. With this kind of action it makes the poloniex services much more easier and faster. we all know that Goldman Sachs is very influential and known by many financial industries.  I hope that there will be no price manipulation on poloniex chart.

[DAOfan]

I think it is very profitable to do the exact opposite of everything Goldman Sachs announces publicly. They always seem to have a big difference between their trading desk and the public relations department. While Goldman execs were saying to stay as far away as possible from crypto they were busy on this deal to buy one of the biggest exchanges. Absolutely phenomenal that anyone trusts goldman after everything they did during the Great Recession.

I have to admit I think this a very shrewd move for them, although I doubt Poloniex really has as much value as Circle paid for it. Everything about crypto exchanges is inferior to what banks are used to. I also think there is a lot of legal liability.

[joemanabat05]

Well that was a pretty big news now, as expected of circle. I truly believe that circle can manage the poloniex very well they have a strong team and Poloniex well be more better that before. CIRCLE ffer Unique Re-investment and Referral Eco-system for Wealth Generation.

[sourish]

In terms of customer service, a definite yes. But otherwise too this is indeed positive news in terms of acceptance, trust, capability and credibility. Another step forward in the crypto world.

[KuromaYoichi]

Surely after this they will allocate more people to reply the support tickets because the reason people leave polo in the first place is withdrawal issue and support didn't answer the ticket. It's a big news and i believe they will be supported by the government now.

[Yudhisthir]

Glad I've withdrawn and left that exchange already. With Goldman Sachs in charge, we would be able to see huge amount of manipulation on the prices and volumes of coins.

[wsmolive]

 Poloniex is shit platform.  my account had been locked since August 2017  for no reason.(It can only Login and Login out.  cant see my balance ,cant trade .)   and my account have many  coins like VTC, EMC2 .....  And  i created many  support , but only bot reply . No a  custom service  to handle my problem...

Fuck the poloniex.  So it is very dangerous to trade at it.  I suggest all you guys will not  trade at the shit platform..

[bitcoinbox]

Glad I've withdrawn and left that exchange already. With Goldman Sachs in charge, we would be able to see huge amount of manipulation on the prices and volumes of coins.

You don't need to own an exchange platform to manipulate prices and volumes on coins.